Nifty yet to touch 200 EMA level at 4877, it may take one week to do so.
Tecnically every indicator is almost showing Oversold Zone and ready to a bounce back.
And those indicator which is not showing may enter oversold Zone in coming week if Nifty try to make a flag now and followed it by inverted head & solder formation
as it has done during Third Week of Jan 10 to Second Week of Feb 10
Or it may start moving north from May 10, 2010 which is very unlickly as world clue is not good.